Yousif Capital Management LLC Cuts Position in PepsiCo, Inc. $PEP

Yousif Capital Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 179,648 shares of the company’s stock after selling 12,438 shares during the quarter. Yousif Capital Management LLC’s holdings in PepsiCo were worth $25,230,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the 1st quarter valued at $25,000. Evolution Wealth Management Inc. acquired a new position in shares of PepsiCo during the second quarter worth about $27,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the period. Finally, Frazier Financial Advisors LLC lifted its position in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.7%

PEP opened at $147.05 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market capitalization of $201.07 billion, a PE ratio of 27.96, a P/E/G ratio of 5.11 and a beta of 0.42. The firm’s fifty day moving average price is $147.96 and its 200 day moving average price is $143.13.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.31 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio is presently 108.17%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PEP shares. Barclays increased their price objective on shares of PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group upped their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday, December 15th. BNP Paribas Exane cut their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Tuesday, October 21st. Eight research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $158.75.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.